New Appointments to the LVMH Executive Committee

“The appointment of Pietro Beccari as head of Christian Dior Couture
signals a new era”

Sidney Toledano becomes Chairman and CEO of the Fashion Group after 20
years at the helm of Christian Dior Couture. The CEOs of Céline,
Givenchy, Loewe, Pucci, Kenzo, Marc Jacobs, Rossimoda and Nicholas
Kirkwood will report into him. Sidney Toledano becomes a member of the
LVMH Executive Committee.

Pietro Beccari has been appointed Chairman and CEO of Christian Dior
Couture after heading up Fendi since 2012. He also becomes a member of
the LVMH Executive Committee.

Pierre-Yves Roussel steps down as head of the Fashion Group after ten
years and becomes Special Advisor to Bernard Arnault. He will shortly
assume new operational responsibilities within the LVMH Executive
Committee, of which he has been a member for 14 years.

Bernard Arnault commented: “Sidney Toledano is the driving force
behind the huge success of Christian Dior Couture across the world. Over
the past 25 years, he has done an outstanding job of developing the
exceptional House of Christian Dior Couture and of promoting its
elegance and modernity through its highly talented team of designers. I
want to offer my profound gratitude and am delighted that we will
continue to work together and benefit from his expertise.”

“The appointment of Pietro Beccari as head of Christian Dior Couture
signals a new era,” added Bernard Arnault. “Having been an
integral member of our Group for 12 years, Pietro has an excellent track
record. After several years as Marketing Director of Louis Vuitton, he
oversaw strong growth at Fendi by expertly harnessing the creativity of
Karl Lagerfeld and Silvia Venturini Fendi and closely aligning it to the
Roman influence of the House. He will be an excellent leader who will
steer Dior towards ever greater success in the future.”

Bernard Arnault added: “I am sincerely grateful to Pierre-Yves
Roussel for his excellent work. Thanks to his leadership, the Fashion
Group's various brands have achieved remarkable success over the last 10
years. In particular, he has played an instrumental role in the
selection of the best creative talents and in implementing innovative
strategies and high-performing teams within the different Houses.”

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